capital

I'm Selling My House and Netting $435,000. Do I Have to Worry About Capital Gains Taxes?




capital

Melbourne wins Major Cities Top 10 Human Capital and Lifestyle Award

Melbourne has been recognised as the top Major City in Human Capital and Lifestyle, according to the fDi Intelligence Global Cities of The Future 14/15 study. Cities in the study were categorised according to population and, as a Major City, Melbourne was awarded the top position in cities with populations less than 10 million. As winner of the Human Capital and Lifestyle category, Melbourne scored high results in categories such as; literacy rate, education expenditure, health, quality of life, percentage of population as labour force, number of students and numerous other indicators.




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Capital Teaching Residency Webinar (November 14, 2024 5:00pm)

Event Begins: Thursday, November 14, 2024 5:00pm
Location:
Organized By: University Career Center


Interested in pursuing a pathway to teaching with KIPP DC? Want to make an impact in Washington, D.C.? We are looking for residents who will have a Bachelor’s degree by June 2025, all majors and career changers are accepted! Sign up to attend a webinar to learn more about the hiring process for the Capital Teaching Residency (CTR) program on Thursday, November 14 from 5:00 - 5:45pm ET. RSVP and we will send you a calendar invite with instructions for how to access the information session.





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Una treintena de meninas toman de nuevo Madrid para transformar la capital en un museo al aire libre

Esta edición ha contado con la creatividad de Hombres G, Chenoa y Susanna Griso, entre otras personalidades Leer



  • José Luis Martínez-Almeida
  • Madrid

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Samara Capital-backed Agro Tech Foods acquires Del Monte Foods from Bharti Enterprises

The size of the deal is estimated at over Rs 1,300 crore. With the transaction, both Bharti and DMPL will receive shares of ATFL as consideration and will become public shareholders of ATFL post the transaction. Additionally, ATFL (through DMFPL) will acquire an exclusive, perpetual license for the Del Monte brand in India.




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Signal Is More Than Encrypted Messaging. Under Meredith Whittaker, It’s Out to Prove Surveillance Capitalism Wrong | WIRED




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Shale ‘Drill, Baby, Drill’ Hits Wall of Capital Restraint

Yves here. It appears there is a teeny bit of good news on the environment front, if you consider “less bad than promised” to be positive. Trump has promised that he would lower US energy prices via much more ambitious shale industry production. The shale industry has other ideas. By Irina Slav, a…




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Crypto market capitalisation hits record $3.2 trillion, CoinGecko says

The value of the cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched…




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Washington Capitals' Top Center Rips Off Bust Label As Ovechkin's Helper

Washington Capitals center Dylan Strome needed time and three NHL teams to develop into a force. But his three seasons with the Caps so far have removed any bust labels.




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1 dead, Supreme Court evacuated as explosions rattle Brazilian capital

The Brazilian Supreme Court was evacuated Wednesday following two explosions in its vicinity, stoking security concerns in the G20's leadup.



  • 3ba39180-ed58-5279-bdb2-44ab9b68ef6a
  • fnc
  • Fox News
  • fox-news/world/world-regions/brazil
  • fox-news/topic/reuters
  • fox-news/world/world-regions/latin-america
  • fox-news/world/crime
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  • article

capital

Quiz | Easy like Sunday morning: Capitals

The best way to know a city is to walk it: Simone De Beauvoir




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Delhi AQI drops to 361 in ‘very poor’ category as smog engulfs national capital

Delhi recorded its first dense fog of the season on Wednesday as visibility dropped to 0 metres at 8 a.m.




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Green Frontier Capital launches ₹1,500 cr fund for climate tech start-ups

The fund will focus on accelerating India’s low-carbon transition through investments in transformative climate technologies




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Growth Hacking Without Venture Capital

This article is a guest post from Bronson Taylor. Bronson is a co-founder and host of Growth Hacker TV, the only educational platform focused exclusively on helping startups grow by acquiring, retaining, and monetizing users. They have over 60 episodes, with guests from Twitter, Facebook, LinkedIn, DropBox, and many more. Image above from Toban Black. FoundersRead More →

The post Growth Hacking Without Venture Capital first appeared on Rob Walling - Serial Entrepreneur.




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Toxic smog smothering India’s capital smashes WHO limit

Residents of India’s capital New Delhi choked in a blanketing toxic smog Wednesday as worsening air pollution surged past 50 times the World Health Organisation’s recommended daily maximum.

Many in the city cannot afford air filters, nor do they have homes they can effectively seal from the misery of foul-smelling air blamed for thousands of premature deaths.

Cooler temperatures and slow-moving winds trap deadly pollutants each winter, stretching from mid-October until at least January.

At dawn on Wednesday, “hazardous” pollutant levels in parts of the sprawling urban area of more than 30 million people topped 806 micrograms per cubic metre, according to monitoring firm IQAir.

That is more than 53 times the WHO-recommended daily maximum of fine particulate matter — dangerous cancer-causing microparticles known as PM2.5 pollutants that enter the bloodstream through the lungs.

By midday, when air usually is at its best, it eased to about 25-35 times above danger levels, depending on different districts.

The city is blanketed in acrid smog each year, primarily blamed on stubble burning by farmers in neighbouring regions to clear their fields for ploughing, as well as factories and traffic fumes.

‘Alarming’

But a report by The New York Times this month, based on air and soil samples it collected over five years, revealed the dangerous fumes also spewing from a power plant incinerating the city’s landfill garbage mountains.

Experts the newspaper spoke to said that the levels of heavy metals found were “alarming”.

Swirling white clouds of smog also delayed several flights across northern India.

The India Meteorological Department said that at least 18 regional airports had a visibility lower than 1,000 metres (1,093 yards) — dropping below 500m in Delhi.

Commuters drive amid dense smog in New Delhi on Nov 13, 2024. — Arun Sankar / AFP

India’s Supreme Court last month ruled that clean air was a fundamental human right, ordering both the central government and state-level authorities to take action.

But critics say arguments between rival politicians heading neighbouring states — as well as between central and state-level authorities — have compounded the problem.

Politicians are accused of not wanting to anger key figures in their constituencies, particularly powerful farming groups.

City authorities have launched several initiatives to tackle pollution, which have done little in practice.

Government trucks are regularly used to spray water to briefly dampen the pollution.

A new scheme unveiled earlier this month to use three small drones to spray water mist was derided by critics as another “band-aid” solution to a public health crisis.

The WHO says that air pollution can trigger strokes, heart disease, lung cancer and other respiratory diseases.

It is particularly punishing for babies, children and the elderly.

A study in The Lancet medical journal attributed 1.67m premature deaths to air pollution in the world’s most populous country in 2019.




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Investment after maturity can convert as capital

when personal Investment is matured, can we show as capital as the amount directly credited into sole propertiorship current account




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Capital gain on flat sale by nri, rate is 12.5% wo indexation or 20% with indexation?

what is capital gain tax rate on flat sale by nri? Is it 12.5% without indexation or 20% with indexation?

my ivew--> only 12.5% wo indexation as per section 115E (b)ii
am i wrong?




capital

***** SMBC Aviation Capital :: SMBC Aviation Capital to acquire Goshawk ... (rank 13)

Goshawk Aviation Limited is a top ten global aircraft lessor with an owned, managed and committed fleet of 216 aircraft. Formed in 2013, the business has quickly grown to become one of the premier global aircraft leasing companies building a high-quality portfolio of young new technology aircraft placed on long leases to airlines globally.




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HafeziCapital Expands International Feasibility Study Services to MENA in Key Sectors: Farming, Ports, Education, Hospitals, Infrastructure, and Oil & Gas

HafeziCapital, a leading international consulting firm renowned for its expertise in structuring and conducting in-depth Feasibility Studies, proudly announces the expansion of its International Feasibility Study services to address critical sectors in the Middle East, Asia Pacific, Latin America, and Africa. This strategic initiative is designed to provide a comprehensive analysis of project viability, enabling [PR.com]




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The secrets of Turkey's historic capital of cool

At first glance Izmir looks very much like any other modern Turkish metropolis, densely populated with unimposing architecture.




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The European capital of cool that keeps getting cooler

Lisbon is in the midst of a renaissance. The latest European capital of cool's affordable rents, great nightlife and gorgeous streets -- which wind high into the hills from the River Tagus -- have seen younger travelers arrive in their droves in recent years, enjoying extended stays thanks to dedicated "digital nomad" visas.




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Capital Campaigns and Feasibility Studies

Bill welcomes Jerry Minetos to the show! Jerry’s experience in the field of fund raising and church development has included lead roles in managing capital campaigns, and conducting feasibility studies for over 20 years, throughout the Greek Orthodox Archdiocese of America. He has brought leading-edge business development and technology skills into the Orthodox Church environment. He is currently the Development Director with Ancient Faith Ministries!




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War, Capital Punishment, and the Sixth Commandment

Fr. John continues his series on the Sixth Commandment.




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Capital Punishment, Part 1

Steve begins a four part series on "Capital Punishment". In Part One he chronicles his work with emotionally disturbed children and the beginning of his shift from radical pacifism to a reconsideration of the death penalty.




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Capital Punishment, Part 2

In the second part of the series Steve discusses the Flood as the dividing line in human history in regard to the meaning of death, fear and capital punishment. Did the Mosaic Law abrogate the covenant with Noah? What do the atheist and the Christian have in common in regard to capital punishment?




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Capital Punishment, Part 3

In Part 3 of the series, Steve begins a discussion of the Church and State. How do we view Judaism as a theocracy? Is Jesus anti-death penalty? What is the purpose of civil authority? Is the State constrained to function on the level of the Gospel and should it?




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Capital Punishment, Part 4

What are the pitfalls of a "Christian State"? Can or should the State govern according to the Gospel? Can "forgiveness of enemies" be a valid principle of civil order? What do the Fathers of the Orthodox, Roman Catholic and Lutheran Churches say about the relationship of Church and State in regard to civil order and capital punishment?




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Capital Punishment, Part 6

This week Steve discusses the woman taken in adultery, would Jesus "flip the switch" on the electric chair, and should evildoers be given life in prison in hopes that they will eventually repent?




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Capital Punishment, Part 7

Is the death penalty really a deterrent? Is there a need to kill evildoers if we can keep society safe through the prison systems? Is punishment a primitive concept not fit for modern enlightened society?




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Capital Punishment, Final

In the final podcast in the capital punishment series Steve discusses punishment, retribution and hell in light of "God is love". Can Christians legitimately believe in retributive punishment and a loving God? And finally, what is the responsibility of Christians to those on death row?




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Capital Punishment, Part 5

Why does God allow imperfect and fallen human beings make life and death decisions? Have Christians permitted the atheists to define our doctrines? Who has a greater problem justifying being against the death penalty, the Christian or the atheist? What does iconography have to do with the death penalty? All this and more...




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The Orthodox Church Capital Improvement Fund

Bobby Maddex interviews John Della Monica, the President of the Orthodox Church Capital Improvement Fund (OCCIF).




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Capitalisation : les pistes de la Fondapol pour réformer les retraites

Selon l'economiste Bertrand Martinot, il faut introduire une dose de capitalisation pour des raisons d'equite entre generations et d'efficience economique.




capital

No Comment : des heurts et des incendies dans la capitale haïtienne Port-au Prince

No Comment : des heurts et des incendies dans la capitale haïtienne Port-au Prince




capital

Fostering innovative work behaviour in Indian IT firms: the mediating influence of employee psychological capital in the context of transformational leadership

This empirical study investigates the mediating role of two components of psychological capital (PsyCap), namely self-efficacy and optimism, in the context of the relationship between transformational leadership (TL), work engagement (WE), and innovative work behaviour (IWB). The study was conducted among IT professionals with a minimum of three years of experience employed in Chennai, India. Data collection was executed using a Google Form, and both measurement and structural models were examined using SPSS 25.0 and AMOS 23.0. The findings of this study reveal several significant relationships. Firstly, transformational leadership (TL) demonstrates a robust positive association with work engagement (WE). Furthermore, work engagement (WE) positively correlates substantially with innovative work behaviour (IWB). Notably, the study underscores that two crucial components of psychological capital, specifically self-efficacy and optimism, mediate the relationship between transformational leadership (TL) and work engagement (WE). These findings carry valuable implications for IT company managers. Recognising that transformational leadership positively influences both work engagement and employees' innovative work behaviour highlights the pivotal role of leaders in fostering a productive and innovative work environment within IT organisations.




capital

Intellectual capital and its effect on the financial performance of Ethiopian private commercial banks

This study aims to examine the intellectual capital and its effect on the financial performance of Ethiopian private commercial banks using the pulic model. Quantitative panel data from audited annual reports of Ethiopian private commercial banks from 2011 to 2019 are collected. The robust fixed effect regression model has been adopted to investigate the effect of IC and the financial performance measures of the banks. The study results show a positive relationship between the value added intellectual coefficient (VAIC) and the financial performance of private commercial banks in Ethiopia. The study also revealed that the components of VAIC (i.e., human capital efficiency, capital employed efficiency, and structural capital efficiency) have a positive and significant effect on the financial performance of banks measured by return on asset and return on equity over the study periods. Practically, the results of the study could be useful for shareholders to consider IC as a strategic resource and hence emphasise these intangibles, and to the bank managers to benchmark themselves against the best competitors based on the level of efficiency rankings.




capital

Social Capital and Knowledge Transfer in New Service Development: The Front/Back Office Perspective




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The Role of Knowledge Management Process and Intellectual Capital as Intermediary Variables between Knowledge Management Infrastructure and Organization Performance

Aim/Purpose: The objective of this study was to assess the interrelationships among knowledge management infrastructure, knowledge management process, intellectual capital, and organization performance. Background: Although knowledge management capability is extensively used by organizations, reaching their maximum financial and non-financial performances has not been fully researched. Therefore, organizations need to optimize their performance by exploiting knowledge management capability through the accumulation of intellectual capital, where the new competitiveness is shifting from tangible to intangible resources. Methodology: This study adopted a positivist philosophy and deductive approach to accomplish the main goal of this research. Moreover, this research employed a quantitative approach since this study is concerned with causal relationship between variables. A questionnaire-based survey was designed to evaluate the research model using a convenience sample of 134 employees from the food industry sector in Jordan. Surveyed data was examined following the structural equation modeling procedures. Contribution: This study highlighted the potential benefits of applying the knowledge management capabilities, intellectual capital, and organizational performance to the food industrial sector in Jordan. Future research suggestions are also provided. Findings: Results indicated that knowledge management infrastructure had a positive effect on knowledge management process. In addition, knowledge management process impacted positively intellectual capital and organization performance and mediated the relationship between knowledge management infrastructure and intellectual capital. However, knowledge management infrastructure did not positively associate to organization performance. Recommendations for Practitioners: The current model is designed to help managers and decision makers to improve their management capabilities as well as their organization financial and non-financial performance through exploiting the organizational knowledge management infrastructure and intellectual capital approaches. Recommendation for Researchers: Our findings can be used as a base of knowledge to conduct further studies about knowledge management capabilities, intellectual capital, and organization performance following different criteria and research procedures. Impact on Society: The designed model highlights a significant organizational performance approach that can influence Jordanian food industrial sector positively. Future Research: The current designed research model can be applied and assessed further in other sectors including banking and industrial sectors across developed and developing countries. Also, we suggest that in addition to focusing on knowledge management process and intellectual capital as mediating variables, future research could test our findings in a longitudinal study and examine how to affect financial and non-financial performance.




capital

Factors Affecting Individuals’ Behavioral Intention to Use Online Capital Market Investment Platforms in Indonesia

Aim/Purpose: This study aims to examine the ten factors from the Technology Acceptance Model (TAM), Theory of Planned Behavior (TPB), and Unified Theory of Acceptance and Use of Technology (UTAUT) theories in order to analyze behavioral intentions to use the Indonesian online capital market investment platforms and the effect of behavioral intentions on actual usage. Background: The potential growth of capital market investors in Indonesia is large, and the low use of the Internet for investment purposes makes it necessary for stakeholders to understand the factors that affect people’s intentions to invest, especially through online platforms. Several previous studies have explained the intention to use online investment platforms using the TAM and TPB theories. This study tries to combine TAM, TPB, and UTAUT theories in analyzing behavioral intentions to use an online capital market investment platform in Indonesia. Methodology: The research approach employed is a mixed method, particularly explanatory research, which employs quantitative methods first, followed by qualitative methods. Data were collected by conducting interviews and sending online surveys. This study was successful in collecting information on the users of online capital market investment platforms in Indonesia from 1074 respondents, which was then processed and analyzed using Covariance-Based Structural Equation Modeling (CB-SEM) with the IBM AMOS 26.0 application. Contribution: This study complements earlier theories like TAM, TPB, and UTAUT by looking at the intention to use online capital market investment platforms from technological, human, and environmental viewpoints. This study looks at the intention to use the online capital market investing platform as a whole rather than separately depending on investment instruments. This study also assists practitioners including regulators, the government, developers, and investors by offering knowledge of the phenomena and factors that can increase the capital market’s investment intention in Indonesia. Findings: Attitudes, perceived ease of use, perceived behavioral control, subjective norm, and national pride were found to be significant predictors of the intention to use online investment platforms in Indonesia, whereas perceived usefulness, perceived risk, perceived trust, perceived privacy, and price value were not. Recommendations for Practitioners: All practitioners must be able to take steps and strategies that focus on factors that have a significant impact on increasing usage intentions. The government can enact legislation that emphasizes the simplicity and convenience of investment, as well as launch campaigns that encourage people to participate in economic recovery by investing in the capital market. Meanwhile, the developers are concentrating on facilitating the flow of investment transactions through the platform, increasing education and awareness of the benefits of investing in the capital market, and providing content that raises awareness that investing in the capital market can help to restore the national economy. Recommendation for Researchers: Further research is intended to include other variables such as perceived benefits and perceived security, as well as other frameworks such as TRA, to better explain individuals’ behavioral intentions to use online capital investment platforms. Impact on Society: This study can help all stakeholders understand what factors can increase Indonesians’ interest in investing in the capital market, particularly through online investment platforms. This understanding is expected to increase the number of capital market participants and, as a result, have an impact on economic recovery following the COVID-19 pandemic. Future Research: Future research is expected to investigate additional factors that can influence individuals’ behavioral intention to use an online capital market investment platform, such as perceived benefits and perceived security, as well as the addition of control variables such as age, gender, education, and income. International research across nations is also required to build a larger sample size in order to examine the behavior of investors in developing and developed countries and acquire a more thorough understanding of the online capital market investment platform.




capital

E-learning as a Strategy of Acquiring a Company’s Intellectual Capital




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The Social Network Application Post-Adoptive Use Model (SNAPUM): A Model Examining Social Capital and Other Critical Factors Affecting the Post-Adoptive Use of Facebook




capital

The Impact Facebook and Twitter has on the Cognitive Social Capital of University Students

The impact that Facebook and Twitter usage has on the creation and maintenance of university student’s cognitive social capital was investigated on students in the Western Cape province of South Africa. Facebook and Twitter were selected as part of the research context because both are popular online social network systems (SNSs), and few studies were found that investigated the impact that both Facebook and Twitter have on the cognitive social capital of South African university students. Data was collected from a survey questionnaire, which was successfully completed by over 100 students from all 5 universities within the Western Cape. The questionnaire was obtained from a previous study, allowing comparisons to be made. Analysis of the results however, did not show a strong relationship between the intensity of Facebook and Twitter usage, and the various forms of social capital. Facebook usage was found to correlate with student’s satisfaction with university life; which suggests that increasing the intensity of Facebook usage for students experiencing low satisfaction with university life might be beneficial.




capital

Micro-Foundations of Firm-Specific Human Capital: When Do Employees Perceive Their Skills to be Firm-Specific?

Drawing on human capital theory, strategy scholars have emphasized firm-specific human capital as a source of sustained competitive advantage. In this study, we begin to unpack the micro-foundations of firm-specific human capital by theoretically and empirically exploring when employees perceive their skills to be firm-specific. We first develop theoretical arguments and hypotheses based on the extant strategy literature, which implicitly assumes information efficiency and unbiased perceptions of firm-specificity. We then relax these assumptions and develop alternative hypotheses rooted in the cognitive psychology literature, which highlights biases in human judgment. We test our hypotheses using two data sources from Korea and the United States. Surprisingly, our results support the hypotheses based on cognitive bias - a stark contrast to the expectations embedded within the strategy literature. Specifically, we find organizational commitment and, to some extent, tenure are negatively related to employee perceptions of the firm-specificity. We also find that employer provided on-the-job training was unrelated to perceived firm-specificity. These findings suggest that firm-specific human capital, as perceived by employees, may drive behavior in ways not anticipated by existing theory - for example, with respect to investments in skills or turnover decisions. This, in turn, may challenge the assumed relationship between firm-specific human capital and sustained competitive advantage. More broadly, our findings may suggest a need to reconsider other theories, such as transaction cost economics, that draw heavily on the notion of firm-specificity and implicitly assume widely shared and unbiased perceptions.




capital

Local Partnering in Foreign Ventures: Uncertainty, Experiential Learning, and Syndication in Cross-Border Venture Capital Investments

If partnering with local firms is an intuitive strategy with which to mitigate uncertainty in foreign ventures, then why don't organizations always partner with local firms, especially in uncertain settings? We address this question by unbundling the effects of uncertainty in foreign ventures at the venture and country levels. We contend that, while both levels increase the need for partnering with local firms in foreign ventures, country-level uncertainty increases the difficulty of partnering with local firms and decreases the likelihood of such partnerships. We also posit that experiential learning helps firms manage the two types of uncertainty, and thereby reduces the need for partnering—yet, experience in the host country makes partnering more feasible and increases the likelihood of such partnerships. To test our hypotheses, we conceptualize the decision to partner with a local firm in a foreign venture as a multilayered decision, and model it accordingly. Using a global sample of venture capital investments made between 1984 and 2011, we find support for the distinct effects of venture- and country-level uncertainty as well as for corresponding levels of experiential learning. These findings have implications for the literature on cross-border venture capital investment and international business in general.




capital

Better Together? Signaling Interactions in New Venture Pursuit of Initial External Capital

After new ventures have exhausted the limited financial resources of founders, family, and friends, they often pursue initial external capital. To secure investment, entrepreneurs can signal about their venture's latent potential by aligning themselves with reliable third parties. Such affiliations affirm the new venture's legitimacy and provide substantive benefits in the form of mentoring, access to resources, and ongoing monitoring. However, early stage financing is an especially "noisy" signaling environment owing to the large number of startups seeking funding, many of which will not survive. The real value of third party affiliations in this context resides in their ability to unlock the potential of other more pedestrian signals, such as the entrepreneur's characteristics and actions that might otherwise go unnoticed. We borrow from the sensemaking literature to explain how third party affiliation signals disambiguate signals with multiple possible interpretations so that potential investors interpret them positively. Findings support our theory that a startup's characteristics and actions are signals that remain relatively unnoticed unless a startup combines them with a third party affiliation that enhances the signal's value, thus increasing the likelihood of receiving external capital.




capital

Third Party Employment Branding: Human Capital Inflows and Outflows Following 'Best Places to Work' Certifications

"Best Places to Work" (BPTW) and similar competitions are a proliferating form of third party employment branding. Little is known, however, about how single or repeated third party employment branding occurrences relate to key human capital outcomes. Extending signaling theory by considering signal credibility and comparability, we use archival and survey data from 624 BPTW participants in sixteen competitions across a three-year period to develop and test hypotheses linking BPTW certifications to collective turnover rates and key informant perceptions of applicant pool quality. We find that certifications are associated with lower turnover rates, and in addition, propose competing crystallization and celebrity hypotheses that model turnover trajectories with repeated certifications, finding diminishing marginal turnover reductions across multiple certifications. We also examine company size and industry job opening moderators, finding that as certifications increase, applicant pool quality is (1) higher in smaller companies and (2) higher when job openings are scarcer. Finally, beyond being certified or not, we find supplemental evidence for effects of the specific certification level achieved (e.g., 2nd versus 15th). This investigation advances theory related to collective turnover, applicant pool quality, and employment branding, and is relevant to company decisions about seeking or re-seeking third party certifications.




capital

After the Break-Up: The Relational and Reputational Consequences of Withdrawals from Venture Capital Syndicates

Organizational theorists are increasingly interested in the antecedents of terminating interorganizational relationships, but have paid little attention to the disruptive consequences of such terminations on future tie formation. To redress this imbalance, the present study focuses on how venture capital (VC) firms' withdrawals from VC syndicates are associated with their subsequent syndication over the 1985 through 2008 period. We argue that withdrawals disrupt the relationships of the withdrawing VC firms with the coinvestors and reduce the likelihood of them entering into subsequent exchange (relational consequences). Furthermore, public information on the withdrawals can undermine the withdrawing VC firm's reputation for reliability, making it a less desirable exchange partner overall (global reputational consequences). Finally, we find that abandoned coinvestors can spread negative, private information about the withdrawing firm, reducing its chances of syndication with their other network contacts (local reputational consequences). We also show that the global and local reputational consequences attenuate each other, due to redundancy in the content of information each provides. We discuss the implications of our theory for the research on network dynamics and reputation.




capital

Questioning Neoliberal Capitalism and Economic Inequality in Business Schools

The burgeoning economic inequality between the richest and the poorest is a cause of concern for social, political, and ethical reasons. While businesses are both implicated and affected by growing inequality, business schools have largely neglected to subject the phenomenon to sufficient critique. This is, in part, because far too many management educators rely on orthodox economic perspectives—often represented by neoliberal capitalism—which have dominated the curricula and the teaching philosophy of business schools. To address this issue, this article underscores the need for business schools to critically examine the relationship between neoliberal capitalism and economic inequalities, and to overtly engage with this nexus in pedagogical practice. The article concludes by revisiting the concepts of relationality and answerability as paths by which to address the current predicament. Relationality and answerability collectively offer: i) conceptual and reflexive tools by which to re-imagine business school education, and, ii) space for business schools to debate important questions about the taken-for-granted, but problematic, assumptions underlying the ideology of neoliberal capitalism




capital

The Dark Side of Board Political Capital: Enabling Blockholder Rent Appropriation

Resource dependence theorists argue that boards of directors with political capital can benefit focal firms by reducing uncertainty and providing preferential resources. Here, we develop theory regarding the downside of board political capital. As the principal-principal agency problem characterizes many parts of the world, we argue that board political capital can exacerbate this problem by enabling large blockholders to undertake more appropriation of firm wealth. Further, we explore how this enabling effect is moderated by ownership-, industry-, and environment-level contingencies. We find empirical support for our arguments using 32,174 directors in 1,046 Chinese listed firms over the period 2008 - 2011. Our study sheds light on new ways in which resource dependence and agency theories can be integrated to advance the extant research on board governance and corporate political strategy.